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Archive
- 12/13/2024 -
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Charter Communications (CHTR) Technical Analysis
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| Summary:
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| | It was the negative week for the Charter Communications (CHTR). During the week, the CHTR dropped -23.26 points, or -5.77%, and closed at 379.80 on Friday, December 13, 2024. CHTR was trading at average weekly trading volume.
CHTR is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See CHTR long-term trend chart]
A long-term downtrend had started on September 2, 2021 at 825.62 and reached 236.08 on April 26, 2024. CHTR lost 589.54 points, or 71.41%, in 138 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (210.49) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CHTR medium-term trend chart]
A medium-term uptrend had started on April 26, 2024 at 236.08 and reached 415.30 on November 13, 2024. CHTR gained -179.22 points, or -75.91%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 355.34 and resistance is at 423.54. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CHTR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since May 17, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See CHTR short-term trend chart]
A short-term downtrend had started on November 13, 2024 at 415.30 and reached 365.87 on December 9, 2024. CHTR lost 49.43 points, or 11.90%, in 26 days. The price is now at the 28.18% retracement level.
Daily Technical Indicators: [See CHTR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is below its signal line since November 19, 2024. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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